News

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Wed, 06 Feb 2019 16:21:37 GMT

Swiss firm Sunrise in talks over Liberty unit takeover

The Swiss group Sunrise Communications stated it had entered talks about a potential takeover of the Swiss unit UPC Schweiz owned by the broadband provider Liberty Global.

Wed, 06 Feb 2019 16:12:51 GMT

Aurubis seeks finding new buyer for its rolled products arm

On Wednesday, the EU largest copper smelter Aurubis, announced it would seek for new buyer for the company's flat rolled products unit or explore other options for its business.

Wed, 06 Feb 2019 15:31:42 GMT

UK Labour seeks halting RBS privatisation

The British opposition Labour party stated it would halt privatisation of the state-rescued RBS, in case it came to power, but abstain in the daily meddling.

Wed, 06 Feb 2019 15:23:40 GMT

Apollo signs MoU with RPC Group's pension scheme

Apollo Global has inked a memorandum of understanding with the pension scheme of Britain's RPC Group, after the asset manager had agreed to acquire the packaging products maker last month.

Wed, 06 Feb 2019 14:37:51 GMT

SoftBank to launch $5.5B share buyback

Japan's SoftBank has unveiled a $5.5B worth share buyback this Wednesday, after reporting a 60% rise in its Q4 operating profit boosted by increasing valuations for the group's technology investments.

Wed, 06 Feb 2019 14:33:57 GMT

Aphira scraps Green Growth hostile takeover bid

On Wednesday, the Canada cannabis producer Aphira has rejected a hostile takeover bid from Green Growth, the US cannabis retailer, saying its offer undervalued the company.

Wed, 06 Feb 2019 12:19:51 GMT

TomTom expects sales growth in 2019

TomTom is expecting a significant rise in its software or enterprise sales this year, after reporting strong results for the holiday quarter, and forecasting 15% of combined revenue growth from digital mapping services sales in 2019.

Wed, 06 Feb 2019 11:53:54 GMT

Cevian Capital builds stake in Irish group CRH

Cevian Capital, the activist investor, established a stake in the Irish building products and heavy materials group CRH, becoming its second-largest owner, Christer Gardell, the firm's managing partner stated on Wednesday.

Wed, 06 Feb 2019 11:07:25 GMT

Crude oil prices decline on Wednesday

By the middle of Wednesday's London trading session crude oil prices had declined by almost one percent. The move was attributed to the weekly crude oil inventories.

Wed, 06 Feb 2019 11:06:56 GMT

EU rejects Alstom and Siemens plan

On Wednesday, European Union officials announced that the Siemens and Alstom initiative to create a common European railway company. The deal was blocked by EU antitrust regulators.

Wed, 06 Feb 2019 10:37:18 GMT

EU's Vestager holds news conference at 1045 GMT

Margrethe Vestager, the European Competition Commissioner, has started a news conference at 1045 GMT on Wednesday, which is taking place in Brussels, regarding two merger deal cases, with more information is expected to be provided in the nearest time.

Wed, 06 Feb 2019 09:32:22 GMT

Credit Suisse sees higher tax rate amid new US rules

Credit Suisse stated on Wednesday it was expecting the tax rate for 2018 to appear higher than previously forecast, adding it was likely to be hit by the US tax provisions, which were aimed at preventing firms from shifting their profits abroad.

Wed, 06 Feb 2019 09:09:35 GMT

German Cabinet to discuss Huawei Tech's role in 5G networks

On Wednesday, the German Cabinet is set to hold secret session to discuss the participation of Huawei Technologies in establishing Germany's 5G mobile networks on the back of safeguard measures related to the Chinese giant's allegations of collecting private data.

Wed, 06 Feb 2019 08:37:00 GMT

Elliott likely to raise stake in Uniper

The activist fund Elliott is expected to boost its stake in the German energy utility Uniper, Reuters reported on Wednesday, but no further details has been provided yet.

Wed, 06 Feb 2019 08:34:48 GMT

SocGen sells controlling stake in Moldova unit

Societe Generale, the French bank, agreed on a sale of its majority stake in Moldova unit to the Hungarian OTP Bank, expecting to finalise the transaction within the next months.

Wed, 06 Feb 2019 07:39:39 GMT

Ralph Lauren beats Q4 sales, earnings expectations

Ralph Lauren, the luxury retailer, has topped analysts' estimates, reporting better-than-expected results for its Q4 earnings and sales, sending the company's shares up more than 12% on the news.

Wed, 06 Feb 2019 07:35:29 GMT

US calls on EU allies to boycott Huawei equipment

The United States warned its EU allies not to use China's Huawei Technologies equipment for building the 5G mobile networks, State Department's official reported.

Wed, 06 Feb 2019 05:44:15 GMT

Tesla cuts Model 3 price

On Wednesday, it was announced by Tesla that the company is once more cutting its Model 3 car's price due to the end of a customer referral program.

Wed, 06 Feb 2019 05:43:22 GMT

Australian central bank considers rate cuts

The head of the Australian central bank on Wednesday announced that the bank is considering a possible main rate cut, which would decrease the value of the Australian Dollar.

Wed, 06 Feb 2019 05:33:45 GMT

Toyota earnings increase

Toyota Motor Corporation announced their third quarter earnings on Wednesday. The company's profits have continued to increase due to bigger sales in Asia.

Wed, 06 Feb 2019 05:33:15 GMT

United Airlines will offer new premium seats

On Wednesday, United Airlines announced that the company will offer additional 1,600 premium seats on both domestic and international flights.

Wed, 06 Feb 2019 04:33:53 GMT

Egypt's foreign debt grows to $93.B

Egypt's total foreign debt increased to $93.1B by the end of September last year, up half a billion dollars from the same year's June end, the Central Bank of Egypt stated.

Wed, 06 Feb 2019 04:31:59 GMT

Russia to construct Iran-India gas pipeline

The Iranian Minister stated that his country accepted Russia's proposal to build a sub-sea pipeline to export natural gas to India.

Wed, 06 Feb 2019 03:19:38 GMT

Exxon, Qatar Petroleum invest in $10B LNG project

Exxon Mobil and Qatar Petroleum stated that they are set to invest in a $10B project to expand a LNG export plant in Texas, aiming to meet global demand for the fuel.

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